In The News

Canadian oil prices buckle after railway refuses to be 'swing shipper'

With new pipelines at least three years away, transportation capacity is so tight in Canada’s oil industry that every twitch in the system appears to be blowing out the discount

By: Claudia Cattaneo

World oil prices are recovering, but Western Canadian oil prices are falling back to depressed conditions, the result of transportation capacity so tight every twitch in the system appears to be blowing out the discount.…

At 2:09 p.m. yesterday, as New England's grid operators strained to cope with a blizzard and wind blasts resulting from the "bomb cyclone," one of the region's major power plants, the Pilgrim Nuclear Power Station in Plymouth, Mass., suddenly shut down…

Some condensate from U.S. shale fields is too dirty to justify the ultra-light oil’s price in Asia compared with the supply from the Middle East, according to a South Korean joint venture of French major Total SA…

…The supplies are getting tainted when pumped through pipelines on their way to storage, said Rusty Braziel, president of consultancy RBN Energy. These pipes are also used to transport heavy crude, meaning that...